Anyone want a FREE brand new Tige?

[dingleberry]

Saw this promotion posted on Wakeworld:

http://virginiayachts.com/index.php?option=com_content&view=article&id=113&Itemid=130

Kinda makes you feel small when three of Tige's most expensive boats are offered as a "buy one get one free" add-on for purchasing a Tiara yacht. :eek:

[da.bell]

Like I need another boat... :rolleyes:

[talltigeguy]

Makes you realize that even though we are pretty big fish in the pond just to be able to afford our Tige's, that there are other much bigger players out there.

[G-MONEY]

What is make you realize is how much dealers mark up the boats!!!

[Kito]

How would I tow both baots to the lake?

[gstauffer]

What is make you realize is how much dealers mark up the boats!!!

:ot:Sorry for the High Jack and I am by no means trying to start a fight but was just curious as to what everyone thinks is a fair margin or mark-up for a dealer to place on a boat?

[FacePlant]

Haha, I got this email this morning. I bought both my Tiges from that joint (NAMC). Crazy nice boats there.....

[jwanck11]

wow. that is crazy!

[da.bell]

:ot:Sorry for the High Jack and I am by no means trying to start a fight but was just curious as to what everyone thinks is a fair margin or mark-up for a dealer to place on a boat?

<30% :D Probably less than 20% but only the dealers really know. :02:

[talltigeguy]

:ot:Sorry for the High Jack and I am by no means trying to start a fight but was just curious as to what everyone thinks is a fair margin or mark-up for a dealer to place on a boat?

Your question is admirable. In my years of internet surfing this question comes up a lot and it always ends up being that the guys who know what the dealer cost is, do not say. Everyone else speculates that a boat dealer makes 30K, 20K, 10K on the sale of a boat and the dealer comes on and says it is not as much as others think.

The only consistent theme I do hear, even though I am not sure I believe it, is that the service department is not a money maker. I hear it over and over, so I would guess it is so. Even though the hourly rate seems pretty steep. Tools and non-reimbursable supplies and other overhead are quoted to be the big expenditures that eat up that hourly rate.

For those of us who have never owned a boat dealership, we are all just pure speculators.

[da.bell]

^^^ True :cool:

[noworries]

:ot:Sorry for the High Jack and I am by no means trying to start a fight but was just curious as to what everyone thinks is a fair margin or mark-up for a dealer to place on a boat?

As a partial list, enough to cover the:

Flooring
Delivery
Lease
Maintenance
Advertising and promotional
Franchise fees
Equipment
Supplies
Utilities
Legal
Accounting
Wages and benefits
Insurance
-Liability
-Fire
-Business interruption
Government
-Taxes
-Unemployment
-FICA
-Waste disposal and inspection
And, a risk adjusted ROI that makes it worth the effort


Thanks to all you dealers who are hanging in there:bo:

[zad0030]

How would I tow both baots to the lake?

The tige goes inside the yacht:D:D

[hoopykat]

So lemme get this straight...I spend 1.57 MILLION dollars on the biggest Tiara yacht offered, and I get a free RZ4 thrown in for good measure? Where do I sign? ;)

-Mike

[yellow3]

Come on guys, all you gotta do is turn around and sell the tige to re-coop some of your costs... :D

[Jason B]

I say we all "time-share" a Tiara yacht. I have room in my garage, so I can store the "freebie" no problem....it's the least I can do for my pals here. lol

[mtnsmith]

We bought our first boat from MarineMax so I get their sales flyers still and this summer if you bought a $4 million bertram 70, they gave you a free 32' boston whaler, which is a $250k boat, deal of a lifetime!

[chpthril]

:ot:Sorry for the High Jack and I am by no means trying to start a fight but was just curious as to what everyone thinks is a fair margin or mark-up for a dealer to place on a boat?

Here is one way to look at it.............Who out there works to just cover there expenses? In other words. When you negotiated for your current salary, did you agree on a pay check that was equal to your family expenses, or did you feel it was "fair" to ask for an amount that gave you a net profit so to speak. If so, do you feel that you are paid enough?

This is not directed at anyone, but simply a question for everyone to ask of themselves. I read WAY WAY WAY too many threads/posts where dealers are bashed for selling boats at a profit, but yet we all work for a living. None of us donates our time to our employer, we expect that employer to pay us a fair market price for our time, skill, and knowledge. In turn, that employer charges customers for that expense, as well as other expenses. :02:

[malarson]

why buy new when you can get a used one for only 1/4 million.
http://www.yachtauctions.com/detail.asp?stockNo=18652
Add in the RZ4 and you're still under budget.;)

[Ptown]

why buy new when you can get a used one for only 1/4 million.
http://www.yachtauctions.com/detail.asp?stockNo=18652
Add in the RZ4 and you're still under budget.;)

Who the heck wants a 1999 model??? I wouldn't be caught dead in a 43' yacht older than 2008!:cool:

[Fast1911]

As a partial list, enough to cover the:

Flooring
Delivery
Lease
Maintenance
Advertising and promotional
Franchise fees
Equipment
Supplies
Utilities
Legal
Accounting
Wages and benefits
Insurance
-Liability
-Fire
-Business interruption
-Workers Comp
Government
-Taxes
-Unemployment
-FICA
-Waste disposal and inspection
And, a risk adjusted ROI that makes it worth the effort


Thanks to all you dealers who are hanging in there:bo:


edited :D..........good list though

[gstauffer]

:ot:Sorry for the High Jack and I am by no means trying to start a fight but was just curious as to what everyone thinks is a fair margin or mark-up for a dealer to place on a boat?

I was a little worried @ 1st when I posted that question that I may have opened up an opportunity to dealer bash after I reread my post, which was not my intention. It was very nice to see positive comments instead.

I have worked for 2 different dealerships and it always amazed me how number of potential buyers felt that if the dealer made more than a couple grand on a boat sale it was highway robbery. The other part of that scenario that also amazed me was how they came up w/ the math to back up their statement.

[KonaKing]

Does it really matter what the mark up is? If you can afford it and it is what you want you are going to buy. Thats the free market if you think it is to much dont buy.

So that being said if a dealer only makes 10k on a sale and no money on service (which is B.S.) thay are not going to be around long.

So I dont care if my 50k boat only cost the dealer 10k, or 40k if that is the one I want and 50k is the going price I am going to buy it.

Caveat: Now that Obama is pres we will all have to give up out boats and give them to some poor bastard in Louisana that cant afford one. :D:D

:eek:Re-distribute the wealth brother :eek:

Ok rant done

[scoot18]

Like I need another boat... :rolleyes:

The yacht or the tige'?

Now that is funny!!!:D Don't mean to make light of it, it's kind of sad and funny at the same time.

Still got both do you Dave?

Most kids get a hand me down car when they turn 16, now Dave on the other hand rocks, he's going to give his boy a 24Ve:ro:

[kana12]

maybe turn around and sell the little ship for 15 to 20 grand less than you bought it for and get new tige for 20k

[da.bell]

The yacht or the tige'?

Now that is funny!!!:D Don't mean to make light of it, it's kind of sad and funny at the same time.

Still got both do you Dave?

Most kids get a hand me down car when they turn 16, now Dave on the other hand rocks, he's going to give his boy a 24Ve:ro:

Yes, still have that 24Ve. :D Wish it would sell but the prices for used boats took a HUGE hit during the last 6 months. :(

The way it is going, yes the 24ve might be a hand me down to my children. :ro:

[sparky216]

oh my.....





I live a good life, but that world is so beyond me its not even real.......

[gstauffer]

Caveat: Now that Obama is pres we will all have to give up out boats and give them to some poor bastard in Louisana that cant afford one. :D:D

:eek:Re-distribute the wealth brother :eek:

Ok rant done[/QUOTE]

No, they will just give them a "new boat buyer's" $15K tax credit

[SPBFAN]

edited :D..........good list though

And if your in CA you workers comp will bankrupt your company over time. It is out of site.

[SPBFAN]

It is interesting how the government is talking about making it easier on everyone to do business and they need to make changes to make it easier for people start businesses and maintain them. If they plan to do that they need to change some tax laws, Get rid of all the supreme court judges in all districts. Make sure they hire new judges for those districts that understand once in a while there might be a small minnow that is going to be gone because maybe God had it in his plan for us as man to destroy that species and put in some protection for people with businesses so they do not have to deal with frivolous law suits.

Now having said that we all know that will not happen. So if you plan to do any business plan to spend some serious $$ up front and pray that people start to feel good about taking money out of the bank accounts. Because if they don't all the efforts you put into the business will just evaporate like water hitting the Phoenix Arizona concrete in the middle of a summer day. One more example.

Take doctors for instance. They have so many expenses it is crazy to have a medical practice. My friend moved form St. George area to CA. He had to pay a $22,000 insurance policy for closing his practice down and going to work in CA. for a major medical group. That way if he gets sued later a year or two after the insurance will kick in. That was state law he did not know that until he started to move and had to come out of the cash for it. Surprise!!!

I think it is those kind of things that will kill America. What do doctors do when they retire now? they have to pay 20,000+ for insurance for so many years after the close of there practice.

Ok enough from me. I am having a bad day today. I better stop.

[KonaKing]

Well said SPBFAN :ro::ro::ro:

[gstauffer]

"The Big print giveth and the small print taketh away".

[brody66]

This is kind of late but as a car dealer margins are the tightest they have ever been, i obviously dont sell million dollar cars but i would think that they would have to make at least 10% mark up, just think of what they pay in intrest every month having just a few million dollar boats sitting on the lot, and then you have to take in an expensive trade sometimes. Seeing what i can buy a 2006 20v for now i think i paid way too much, but i got it new and was willing to pay it then so it must have been about right. And on the service deptmartments i would think if they are anything like a car dealer, the service is helping them along, on those expensive boats i bet the hourly rate is way over 100/hr, and they pay their guys 15/hr, thats $680 on each guy at 100/hr and i am sure their rates are much more.